Donald Trump faces a second indictment on federal charges related to classified documents found at his Florida residence. Jim Trusty, a Trump attorney, called the seven charges, including obstruction of justice, misrepresentation, and violations of the Espionage Act, “ridiculous”. Trump is due in federal court in Miami on Tuesday. Trump has faced a string of investigations and lawsuits since leaving office in January 2021 and has already become the first former president to be charged in a criminal case in state court. In addition to Trump’s legal troubles, the UK Financial Conduct Authority has expanded an investigation into Odey Asset Management after allegations of sexual assault and harassment by 13 women against the hedge fund’s founder, Crispin Odey. Meanwhile, Germany’s finance minister has warned of a deadlock between EU states over the bloc’s tax rules, and Norway is preparing plans to open an ocean area to deep-sea mining.
Summary:
– Donald Trump has been indicted on federal charges relating to classified documents at his Florida residence.
– Jim Trusty, a Trump attorney, called the seven charges “ridiculous.”
– Trump is due in court in Miami on Tuesday.
– Trump has faced multiple investigations since leaving office in January 2021.
– In addition to Trump’s legal troubles, Odey Asset Management is under investigation in the UK and Norway is preparing plans to open an ocean area to deep-sea mining.
Additional Piece:
Donald Trump’s legal challenges have only grown since he left office in January 2021. The multiple lawsuits have variously focused on allegations of election interference, sexual harassment, and financial misconduct. Trump has not hesitated to deny any wrongdoing, and has actively criticized those who oppose him.
While the former president will undoubtedly put up a tough fight, it remains unclear whether he will be able to shake the various charges leveled against him. Moreover, Trump’s legal woes point to a wider trend of increased scrutiny on the actions of high-ranking political officials. As transparency and accountability become more important in the aftermath of the Trump years, more officials are likely to face legal challenges for their actions.
As for users of financial services, the Odey Asset Management case highlights the critical importance of corporate ethics. Particularly in the case of hedge funds, where secrecy and confidentiality can be a crucial part of operating successfully, misconduct can have severe consequences. Investors need to be confident that hedge funds are operating ethically, or else the industry could face regulatory backlash.
Ultimately, the increased scrutiny and regulation mean that firms and individuals must be on their toes more than ever before. In a world where potential legal challenges from federal authorities and public opinion can spell disaster, it’s crucial to operate transparently and ethically. Those who don’t could risk not only their own futures, but also that of the industries in which they operate.
Summary:
– Trump’s legal challenges show the growing importance of transparency and accountability for high-ranking political officials.
– The Odey Asset Management case highlights the importance of corporate ethics in industries like hedge funds.
– Increased scrutiny and regulation mean that firms and individuals must operate transparently and ethically.
– Failure to do so could spell disaster for industries and individuals alike.
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Donald Trump said last night that it had been indicted on federal charges related to classified documents found at his Mar-a-Lago residence in Florida.
“This is truly a DARK DAY for the United States of America,” Trump wrote on his social media platform Truth Social.
A Trump attorney, Jim Trusty, told CNN yesterday that a legal summons from the Justice Department indicated there were seven charges, including obstruction of justice, misrepresentation and violations of the Espionage Act, which he called “ridiculous “.
He said he has not yet seen the indictment, but that the summons asked for Trump to be in federal court in Miami on Tuesday.
Since leaving office in January 2021, Trump has faced an unprecedented series of investigations and lawsuits. He has already become the first former president to be charged in a criminal case in state court after the Manhattan district attorney hit him on 34 counts of forging corporate records. He pleaded not guilty.
The Justice Department declined to comment.
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Analyses: A defiant Trump faces a much bigger political test in an unprecedented second indictment, this time with national security implications.
Here’s what else I’m keeping an eye out for today:
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Economic data: Russia has its consumer price index and Canada publishes its unemployment rate, both for the past month.
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Manchester United: Qatari Sheikh Jassim bin Hamad al-Thani has made a final bid for the Premier League club and has threatened to withdraw from the bidding war later today.
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London Fashion Week: The event starts today and ends on Monday.
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Five more top stories
1. The UK’s Financial Conduct Authority has expanded an investigation into Odey Asset Management after yesterday the Financial Times reported allegations of sexual assault and harassment by 13 women against the hedge fund’s founder, Crispin Odey. Read the full story.
2. Germany’s finance minister has warned of a deadlock between EU states over the bloc’s tax rules, denting hopes of a deal by the end of the year. Countries like France and Italy are calling for a more flexible regime, but Christian Lindner’s remarks to the FT suggest it is do not back down in the face of calls for more marked cuts in public debt.
3. Exclusive: Mervyn Davies awarded $40 million as non-executive chairman of LetterOne as its Russian founders are due out due to sanctions, according to documents seen by the FT. The payments, which covered the former UK trade minister’s work for 2021 and 2022, were a sharp increase in comparison with those received in the pre-war years in Ukraine.
4. Exclusive: Norway is preparing plans to open an ocean area to deep-sea mining as it seeks to become the first country to mine battery metals from its seabed, but faces a battle with fishing companies, environmentalists and possibly other nations. Read more about Oslo’s ambitions for a vast area almost the size of Germany.
5. Joe Biden and Rishi Sunak agreed on an “Atlantic declaration” to boost trade yesterday in areas such as defense, nuclear materials and critical minerals used in electric car batteries, with the US president also backing the British prime minister’s attempt to lead the global debate on regulating artificial intelligence. Here’s how the deal is meant to lock China out of supply chains.
How well did you manage to keep up with the news this week? Take our quiz.
In-depth news
Residents of flooded Ukrainian cities and villages under Russian control blamed the authorities installed in Moscow block evacuation attempts and abandon them when they needed help most, while a flurry of relief efforts took place on the Ukrainian-controlled side of the Dnipro River yesterday.
We are also reading and watching . . .
Graph of the day
At the heart of the lawsuit filed this week by the US Securities and Exchange Commission against Binance are allegations involving Merit Peak and Sigma Chain, two directly or indirectly owned secret societies by the CEO of cryptocurrency exchange Changpeng Zhao.
Take a break from the news
If you are looking for trinkets with little monetary or practical value but oodles of charm, so Tombées du Camion in Paris’s Marché aux Puces de Saint-Ouen is a must-visit. Meaning “dropped off the lorry” (a tongue-in-cheek reference to the means by which some merchants buy their wares), the Surrealist shop is a hoarder’s delight with a seemingly endless inventory of unusual items.
© Thibault Montamat
Further contributions by Benjamin Wilhelm e Gordon Smith
https://www.ft.com/content/5d8d1f01-63ea-4b70-96b9-e90b4130e99d
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